Global Digital Banking Platform Market is expected to grow at a Compound Annual Growth Rate (CAGR) of +10.69%. The base year considered for the study is 2018 and the forecast period considered is 2018 To 2025.
It is estimated that by 2023, the digital banking platform market will reach 6 billion US dollars, with a compound annual growth rate of 10.69% during the forecast period. Banks are increasingly demanding a better customer experience, increasingly adopting cloud-based platforms for greater scalability, increasing adoption of smartphones and tablets, and increasing demand for streamlined business processes These are all leading to the growth of the digital banking platform market. Depending on the type of bank, the retail banking business is expected to be the largest contributor to the digital banking platform market during the forecast period.
The digital banking platform is an omni-channel or multi-channel solution for personal banking services. The Digital Advanced Banking Platform integrates hundreds of banking terminals, covering different technology vendors, from core banking software providers to bill payment providers. The global digital banking market is growing substantially and is being driven by support processes in different channels, such as online banking, mobile banking, checkouts, kiosks and chat bots. Over the years, the digital channel platform market has evolved from online and mobile-specific banking solutions to channel-independent digital banking platforms. The advanced and mature digital banking platform is highly flexible and can integrate many different banking services through a good interactive user interface (UI) or customer experience.
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Some of the key players in the industry include
TCS Limited, Oracle Corporation, Infosys Limited, Kony, Inc., Backbase, Cachet Financial Solutions, Inc, EdgeVerve Systems Limited, and Capital Banking Solutions.
The report titled “Global Digital Banking Platform Market” identifies the essential details pertaining to the industry, also providing an in-depth analysis of the market categories.it also presents a comprehensive analysis of the considerable impact that the consumer trends have on its growth. The industry verticals such as growth drivers, restrains, and futuristic opportunities have been discussed so as to give a transparent idea of the market strategies that could be applied.
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This factor is the main reason for the high traction of global companies in digital banking. In addition, banks are currently under tremendous pressure to improve operational efficiency and reduce bank costs while providing advanced next-generation digital banking services. Digital banking platform providers are now developing smart and smart banking platforms to meet the needs of banks and customers. This includes the need for channel integration support and a dynamic customer experience to make core banking easier to implement, as well as the devices customers want to use or the devices they are interested in and affordable.
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The Global Digital Banking Platform Market Research Report Forecast 2018-2025 is a valuable source of insightful data for business strategists. It provides the Digital Banking Platform industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Digital Banking Platform market study provides comprehensive data which enhances the understanding, scope and application of this report.
This report provides comprehensive analysis of
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Opportunity mapping in terms of technological breakthroughs
The report on the Global Digital Banking Platform Market has been now announced by Absolute Markets Insights which has detailed information on its drivers, restraints and opportunities. It also elaborates on its developing trends, prominent and protruding businesses, and recent technological progress. The statistical report also offers a comprehensive insight into the size and share of different types of revenue, lucrative avenues and competitive scenario. The scrutiny takes a closer look at recent offerings of key players in major regions such as, North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
Table of Contents:
Global Digital Banking Platform Market Research Report 2018-2025
Chapter 1: Digital Banking Platform Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Digital Banking Platform Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Digital Banking Platform Market Effect Factors Analysis
Chapter 12: Global Digital Banking Platform Market Forecast